AOFM update: Implementation of a $15B fund to support business & consumer lending

AOFM update: Implementation of a $15B fund to support business & consumer lending

AOFM update: Implementation of a $15B fund to support business & consumer lending

Mar 23 2020

The Government has announced that it will introduce legislation to establish a $15 billion fund and direct the AOFM to provide support for non-ADI and ADI lenders through securitisation markets.

Support will comprise direct investments in primary market securitisations and warehouses financing a broad range of lending in mortgage, consumer and business lending. Acceptable underlying collateral will extend beyond residential mortgages, and will include asset backed financing and SME lending.

Read the AOFM update >